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Featured CryptoRealm Article

Ethereum hitting record highs in January and being the 3rd largest crypto currency in the world behind only Ripple and Bitcoin. For the first time, Ethereum rose above $1,000 per coin Thursday morning, it isn't certain what is causing the 8% rise in Ethereum prices but within the past weeks, investors have imporved the price of another crypto currency. Ripple, has had more major banks and insitutions allow people behind the digital asset to speed up transactions, along with growing investor interest.

Bank giants have increased their efforts looking into Ethereum for pair of reasons. In December, a group of financial companies such as UBS, Credit Suisse, and Barclays have addressed their plans to test the Ethereum blockchain in an assumption of creating an easier way to meet New European Union report standards in the Markets in Financial Instruments Directive II.

The group will soon be able to submit information to private blockchain without being known, along with cross-checking for any irregularities.
While those in partnership are getting to the deep part of a major argument as to why Ethereum proponents need to rethink their crypto currency to be more flexible, along with being more useful than Bitcoin. Though Bitcoin is one of many ways to use blockchain, which is the digital currencies method that records transactions. Now Ethereum allows developers to create right on the blockchain platform. Which is why initial coin offerings have largely been created upon the Ethereum platform.

The Ethereum co-founder Joseph Lubin stated to Bloomberg in December, saying, ” Bitcoin is the first application built on the blockchain technology, Ether can be a more programmable money. We conceive it as a crypto fuel because it powers these programs on the world computer.”
What also is fueling that narrative is bank executives J.P. Morgan’s Jamie Dimon, who has called crypto currencies like Bitcoin a fraud. Yet the blockchain does not fall into the same category. J.P. Morgan is also creating a blockchain on top of the software running Ethereum.

Now Ripple, However, has been overshadowing Ethereum’s recent rise. With old cryptocurrencies now having a rank as high as 2nd place for the market capitalization. But according to CoinMarketCap Ethereum’s $100 billion was outranked by nearly $40 billion.
Though Ethereums hard end to 2017, Bitcoin still ranks top-of-the-list in ways of the market cap, $251 billion with Bitcoins price at $14,970. That is down 25% from its all-time high price that soared above $20,000.
The CEO of Ripple Brad Garlinghouse has addressed that it’s a no fun game, and that there is space for all three major cryptocurrencies.

What Is Bitcoin?

Bitcoin is a peer-peer digital currency that allows you to send money to anyone with out a central bank or government. Bitcoin is not printed like dollars but mined using ASICs and is limited to 21 million Bitcoins.